The school accountant will be responsible for managing the financial operations of the institution, ensuring accuracy, transparency, and compliance with accounting standards and school policies. The role involves maintaining financial records, preparing reports, managing budgets, and supporting the school's mission by ensuring prudent financial management.
Key Responsibilities
Financial Management
Maintain accurate records of all financial transactions, including fees, salaries, procurement, and other expenses.
Prepare monthly, quarterly, and annual financial statements for management and board review.
Monitor cash flow, accounts receivable, and accounts payable to ensure smooth financial operations.
Develop and manage the school's budget, ensuring funds are allocated appropriately.
Compliance & Reporting
Ensure compliance with relevant accounting standards, tax regulations, and school policies.
Prepare and file statutory returns (e.g., PAYE, pensions, taxes) in a timely manner.
Provide financial reports and analysis to support decision-making by school management.
School Operations Support
Manage student fee collection, issue receipts, and maintain accurate records of payments.
Work closely with the admissions and administration teams to reconcile student accounts.
Support payroll processing for teaching and non-teaching staff.
Assist in procurement processes by verifying invoices, quotations, and supplier payments.
Internal Controls
Implement and monitor internal control systems to safeguard school assets.
Conduct periodic audits of financial records and processes.
Identify and mitigate financial risks.
Collaboration & Communication
Liaise with external auditors, banks, and regulatory authorities.
Communicate financial information clearly to management, staff, and stakeholders.
Provide guidance on financial matters to non-finance staff when required.
Qualifications & Requirements
Bachelor's Degree in Accounting, Finance, or related field.
Minimum of 2 - 3 years' experience in accounting, preferably in an educational institution.
Strong knowledge of Nigerian tax laws and financial regulations.
Proficiency in accounting software and Microsoft Office Suite.
Excellent organizational, analytical, and communication skills.
Professional certification is an added advantage
Personal Attributes
High level of integrity and accountability.
Strong attention to detail and accuracy.
Ability to work independently and as part of a team.